Jacobs Receives Contract from Suncor Energy to Support Firebag Program
PASADENA, Calif., Sept. 6, 2011 /PRNewswire/ — Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a contract by Suncor Energy to provide support for a program of sustaining works as part of its Firebag Stage Three in-situ oil sands project near Fort McMurray, Canada.
Officials did not disclose the contract value.
Jacobs has completed the detailed design phase of Firebag Stage Three; providing support for sustaining projects is the next step in Jacobs’ involvement with the Firebag program, as Jacobs is currently involved in managing the ongoing pre-sustaining projects. By capitalizing on technical experience and continuously improving standards and processes, Jacobs works to facilitate operational effectiveness, reduce costs and maintain a strong safety record.
In making the announcement, Jacobs Group Vice President Chip Mitchell stated, “Transitioning from delivering capital projects to sustaining projects is a natural shift for Jacobs, leveraging our relationship-based model to continue delivering increasing value on an ongoing basis. We are delighted to continue to support Suncor ‘s operations at its Firebag oil sands project.”
Jacobs is one of the world’s largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2010 Form 10-K, and in particular the discussions contained under Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.